Bureau of Internal Revenue

 

The Bureau of Internal Revenue (BIR) issued the following:

Revenue Memorandum Circular No. 51-2019, 16 April 2019, to inform taxpayers and others concerned that Union Bank of the Philippines, an Authorized Agent Bank (AAB) of the BIR, can now accept electronic/online tax payment through the UnionBank Online Web and Mobile applications.

Taxpayers who have an account with the said bank can now pay their taxes through the said electronic/online tax payment facilities, and can directly inquire from the said AAB or visit their website on how to avail of these tax payment facilities.

Revenue Memorandum Order No. 20-2019, 01 April 2019, to modify the following Alphanumeric Tax Codes (ATC) and facilitate the proper identification and monitoring of tax collection from Business Income and Income from Profession in BIR Forms 1701/1701A/1701Q:

EXISTING (per ATC Handbook)					MODIFIED/NEW
ATC	Description	Tax Rate	BIR Form No.	Legal Basis	BIR Form No.
II012	Business Income- Graduated Income Tax Rates	Graduated Income Tax Rates	1701/ 1701Q	RA No. 10963	1701/ 1701A/ 1701Q
II014	Income from Profession- Graduated Income Tax Rates
II015	Business Income- 8% Income Tax Rate	8% Income Tax Rate
II017	Income from Profession- 8% Income Tax Rate

Attached are the full texts of the issuances.

Revenue Memorandum Circular No. 51-2019

Revenue Memorandum Order No. 20-2019

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